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I am not in the business of predicting general stock market of business fluctuations. If you think I can do this, or think it is essential to an investment program, you should not be in the partnership.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
General
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Fluctuation

More quotes by Warren Buffett

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Investors have to remember: corporate profits are going up, but stocks are going up faster. How can that continue indefinitely? Investors can only earn what companies themselves can earn the government or the markets themselves don't kick anything in. How can you get anything more out of a farm than what it grows?
Warren Buffett
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Accounting is the language of business.
Warren Buffett
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The banking business is no favorite of ours. When assets are twenty times equity - a common ratio in this industry - mistakes that involve only a small portion of assets can destroy a major portion of equity. And mistakes have been the rule rather than the exception at many major banks.
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If you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes.
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We continue to make more money when snoring than when active.
Warren Buffett
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The future is never clear you pay a very high price in the stock market for a cheery consensus. Uncertainty actually is the friend of the buyer of long-term values.
Warren Buffett
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A CEO's behavior has a huge impact on managers down the line.
Warren Buffett
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Asset values and earning power are the dominant factors affecting the valuation of a controlling interest in a business. Market price, which governs valuation of minority interest positions, is of little or no importance in valuing a controlling interest.
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Risk can be greatly reduced by concentrating on only a few holdings.
Warren Buffett
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I mean, you may be very mad at some guy that walked away with a huge golden parachute, but that really isn't the important thing.
Warren Buffett
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A pack of lemmings looks like a group of rugged individualists compared with Wall Street when it gets a concept in its teeth.
Warren Buffett
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I get to do what I like to do every single day of the year.
Warren Buffett
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We've had public companies in the past in that business and they bleed. We've got a lot more blood than they do.
Warren Buffett
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In other words, the percentage change in book value in any given year is likely to be reasonably close to that year's change in intrinsic value.
Warren Buffett
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Your premium brand had better be delivering something special, or it's not going to get the business.
Warren Buffett
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It's us fun being a horse when the tractor comes along, or the blacksmith when the car comes along.
Warren Buffett
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Focus on your customers and lead your people as though their lives depend on your success.
Warren Buffett
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We've been in a recession, by any common sense definition, because if you look at the American public, they've got 20 billion - 20 trillion, I should say, worth of residential homes.
Warren Buffett
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The nature of democracy is such that when there's - there'll be revulsion, obviously, towards - that's never going to happen again.
Warren Buffett
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If you do smart things and use leverage and do one wrong thing along the way, it could wipe you out, because anything times zero is zero. But it's reinforcing when the people around you are doing it successfully, you're doing it successfully, and it's a lot like Cinderella at the ball.
Warren Buffett